Hungary: Electronic Material Tester Market 2025

Electronic Material Tester Market Size in Hungary

The Hungarian electronic material tester market declined remarkably to $X in 2021, shrinking by -37.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a perceptible decline. Electronic material tester consumption peaked at $X in 2020, and then plummeted in the following year.

Electronic Material Tester Exports

Exports from Hungary

After two years of growth, shipments abroad of electronic machines and appliances for testing materials decreased by -75.2% to X units in 2021. In general, exports faced a deep slump. The growth pace was the most rapid in 2017 with an increase of 467% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then declined significantly in the following year.

In value terms, electronic material tester exports reduced rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible expansion. The growth pace was the most rapid in 2019 when exports increased by 157%. The exports peaked at $X in 2020, and then declined dramatically in the following year.

Exports by Country

Switzerland (X units) was the main destination for electronic material tester exports from Hungary, accounting for a 41% share of total exports. Moreover, electronic material tester exports to Switzerland exceeded the volume sent to the second major destination, Mexico (X units), threefold. The UK (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Switzerland totaled +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+126.2% per year) and the UK (+547.1% per year).

In value terms, Mexico ($X) emerged as the key foreign market for electronic machines and appliances for testing materials exports from Hungary, comprising 41% of total exports. The second position in the ranking was taken by India ($X), with a 15% share of total exports. It was followed by Bulgaria, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Mexico totaled +122.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+2.7% per year) and Bulgaria (+79.8% per year).

Export Prices by Country

In 2021, the average electronic material tester export price amounted to $X per unit, picking up by 9.4% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 152% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+57.6%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Material Tester Imports

Imports into Hungary

Electronic material tester imports into Hungary shrank remarkably to X units in 2021, falling by -41.1% compared with 2020 figures. In general, imports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2017 with an increase of 135% against the previous year. Imports peaked at X units in 2020, and then dropped dramatically in the following year.

In value terms, electronic material tester imports contracted dramatically to $X in 2021. Overall, imports saw a noticeable slump. The pace of growth was the most pronounced in 2017 when imports increased by 93%. Imports peaked at $X in 2020, and then declined notably in the following year.

Imports by Country

Italy (X units), Germany (X units) and the UK (X units) were the main suppliers of electronic material tester imports to Hungary, with a combined 87% share of total imports. Taiwan (Chinese), China, the United States and Denmark lagged somewhat behind, together comprising a further 6.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +17.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of electronic machines and appliances for testing materials to Hungary, comprising 48% of total imports. The second position in the ranking was held by Italy ($X), with an 18% share of total imports. It was followed by the UK, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.1% per year) and the UK (-2.8% per year).

Import Prices by Country

In 2021, the average electronic material tester import price amounted to $X per unit, rising by 6.1% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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